William Bonner

Since founding Agora Inc. in 1979, Bill Bonner has found success and garnered camaraderie in numerous communities and industries. A man of many talents, his entrepreneurial savvy, unique writings, philanthropic undertakings, and preservationist activities have all been recognized and awarded by some of America's most respected authorities. Along with Addison Wiggin, his friend and colleague, Bill has written two New York Times best-selling books, Financial Reckoning Day and Empire of Debt. Both works have been critically acclaimed internationally. With political journalist Lila Rajiva, he wrote his third New York Times best-selling book, Mobs, Messiahs and Markets, which offers concrete advice on how to avoid the public spectacle of modern finance. Since 1999, Bill has been a daily contributor and the driving force behind The Daily Reckoning.

Bill's newest book, Dice Have No Memory: Big Bets & Bad Economics from Paris to the Pampas, is the definitive compendium of Bill's daily reckonings from more than a decade: 1999-2010. Whether your new to these Daily Reckonings, or one of Bill's "long suffering" readers, this is one you surely won't want to miss.

Author Updates

This post America Is Going Broke… and Nobody Cares appeared first on Daily Reckoning.
Last week, the plot did not so much thicken as congeal.
There’s no changing it now — the cameras are rolling… the costumes are on… and everyone knows his lines.
President Trump went further in becoming the first president independent of either major political party in American history.
After having sided with the Democrats on the debt ceiling, he went back to the swamp to reso

This post Trump and the Great Debt Betrayal appeared first on Daily Reckoning.
And The Donald said: “Open the floodgates!”
And the floodgates opened.
Less than 48 hours after Congress approved his debt ceiling suspension, more than $300 billion had flooded in.
That is the amount by which the U.S. national debt increased on Friday, Sept. 8. By $317 billion, to be exact.
And The Donald said:
“It’s good.”
And it is good, but only if you are

This post Will They Haul off Trump’s Statue, Too? appeared first on Daily Reckoning.
This week, we are talking about the perishable nature of gods.
The city fathers of our hometown of Baltimore have let it be known that it was time to toss out the old deities. Reports the Associated Press:
After violence erupted in Charlottesville, Virginia over the weekend in response to the city’s plan to remove a Robert E. Lee statue from a park there, Mayor Catherine Pugh has renew

This post Memorial Day appeared first on Daily Reckoning.
“Fortune is rightly indignant at those who break with the customs of the past.” — Winston Churchill
My calendar says that today is the day traditionally set aside to remember those who fought in America’s wars. Not one to trifle with tradition, I will do so.
The contrarian insight is a traditionalist’s one. Certain market relationships have endured for many years. The relationship of price to earning

This post The Fed Will Blink appeared first on Daily Reckoning.
There was a time when central banking was an honest profession.
Central bankers provided financing for the government. They backed the banking system, too, by holding savings as reserves, which they lent to solvent member banks in emergencies.
They were tight-lipped, tight-laced and tightwads. Their role was to say “no” more often than “yes.”
When the king wanted money to fight in a war… or build a

This post Confessions of a Newsletter Man appeared first on Daily Reckoning.
Being a financial newsletter writer certainly has a few advantages. Namely, it affords one the opportunity to comment on the financial markets without having to take them seriously. Today, Bill Bonner looks back on what drew him to this business, and the unique and entertaining cast of characters he's met along the way. Read on...
The post Confessions of a Newsletter Man appeared first on Daily Reckon

This post How, Exactly, the World Ends appeared first on Daily Reckoning.
Today, I’m going to tell you about the end of the world.
Not the end of the world exactly. But the end of the fiat money system President Nixon gave birth to in 1971… when he cut the dollar loose from gold. And it may feel like the end of the world, because of the social chaos it will provoke.
What follows is taken from a speech I gave at Doug Casey’s La Estancia de Cafayate…
I’ve been pr

This post The End of the Debt Cycle appeared first on Daily Reckoning.
“It’s the end of the great debt cycle,” says hedge fund manager Ray Dalio of Bridgewater Associates, taking the words out of our mouth.
Bond fund manager Bill Gross adds context:
In the past 20 to 30 years, credit has grown to such an extreme globally that debt levels and the ability to service that debt are at risk. […] Why doesn’t the debt supercycle keep expanding? Because there are limits.

This post Warren Buffett — Lucky Coin Flipper? appeared first on Daily Reckoning.
If money were what really matters, Warren Buffett would have no peer. He has had unparalleled success in this world; surely he has a first-class ticket to the next. But what if Buffett's 84 years of luck turn on him now? Bill Bonner explores...
The post Warren Buffett — Lucky Coin Flipper? appeared first on Daily Reckoning.

This post The Day the ATMs Run Out… appeared first on Daily Reckoning.
Please remember this warning when you go to the ATM to get cash… and there is none!
While we were thinking about what was really going on with today’s strange new money system, a startling thought occurred to us.
Our financial system could take a surprising and catastrophic twist that almost nobody imagines, let alone anticipates.
Do you remember when a lethal tsunami hit the beaches of Sout